The Boston Beer Company, Inc. (NYSE:SAM) Receives Consensus Rating of “Hold” from Brokerages

The Boston Beer Company, Inc. (NYSE:SAM) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $286.12.

A number of brokerages have recently commented on SAM. Citigroup lifted their price target on Boston Beer from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Monday, April 14th. Morgan Stanley cut their price objective on Boston Beer from $290.00 to $270.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. Wall Street Zen raised Boston Beer from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. Cfra Research raised Boston Beer from a “moderate sell” rating to a “moderate buy” rating in a research note on Thursday, April 24th. Finally, UBS Group lifted their target price on Boston Beer from $265.00 to $279.00 and gave the stock a “neutral” rating in a report on Thursday, April 17th.

Institutional Investors Weigh In On Boston Beer

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Boston Beer by 1.8% in the first quarter. Vanguard Group Inc. now owns 865,251 shares of the company’s stock valued at $206,657,000 after purchasing an additional 15,563 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Boston Beer by 4.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 703,480 shares of the company’s stock worth $211,030,000 after purchasing an additional 29,412 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Boston Beer by 19.8% in the fourth quarter. AQR Capital Management LLC now owns 422,217 shares of the company’s stock worth $125,821,000 after purchasing an additional 69,778 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Boston Beer by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 225,762 shares of the company’s stock worth $67,723,000 after purchasing an additional 19,063 shares during the last quarter. Finally, Armistice Capital LLC grew its holdings in shares of Boston Beer by 72.7% in the first quarter. Armistice Capital LLC now owns 210,553 shares of the company’s stock worth $50,288,000 after purchasing an additional 88,624 shares during the last quarter. 81.13% of the stock is owned by hedge funds and other institutional investors.

Boston Beer Trading Up 0.1%

Shares of SAM stock opened at $221.38 on Monday. The business’s 50-day moving average price is $238.58 and its 200-day moving average price is $255.37. Boston Beer has a 12 month low of $215.10 and a 12 month high of $329.55. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 32.56, a PEG ratio of 1.23 and a beta of 1.05.

Boston Beer (NYSE:SAM) last announced its quarterly earnings results on Thursday, April 24th. The company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $1.38. Boston Beer had a return on equity of 11.76% and a net margin of 3.82%. The firm had revenue of $481.36 million for the quarter, compared to analyst estimates of $436.27 million. During the same period last year, the firm posted $1.04 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, sell-side analysts predict that Boston Beer will post 9.29 earnings per share for the current fiscal year.

Boston Beer Company Profile

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.